Section 24-18-1. – Short title.

§ 24-18-1. Short title. This act shall be known and may be cited as the “Municipal Road and Bridge Revolving Fund Act of 2013.” History of Section.P.L. 2013, ch. 144, art. 20, § 1.

Section 24-18-10. – Severability.

§ 24-18-10. Severability. If any provision of this chapter or the application of this chapter to any person or circumstances is held invalid, the invalidity shall not affect other provisions or applications of the chapter, which can be given effect without the invalid provision or application, and to this end the provisions of this chapter […]

Section 24-18-2. – Legislative findings.

§ 24-18-2. Legislative findings. The general assembly finds and declares that: (1) Transportation plays a critical role in enabling economic activity in the state of Rhode Island; (2) Cities and towns can lower the costs of borrowing for road and bridge projects through cooperation with the Rhode Island infrastructure bank; (3) The Clean Water and […]

Section 24-18-3. – Definitions.

§ 24-18-3. Definitions. As used in this chapter, the following terms, unless the context requires a different interpretation, shall have the following meanings: (1) “Agency” means the Rhode Island infrastructure bank as set forth in chapter 12.2 of title 46; (2) “Annual construction plan” means the finalized list of approved projects to commence construction each […]

Section 24-18-4. – Establishment of the municipal road and bridge revolving fund.

§ 24-18-4. Establishment of the municipal road and bridge revolving fund. (a) There is hereby established a municipal road and bridge revolving fund. The agency shall establish and set up on its books the revolving fund, to be held in trust and to be administered by the agency solely as provided in this chapter and […]

Section 24-18-5. – Administration.

§ 24-18-5. Administration. (a) The agency shall have all the powers necessary and convenient to carry out and effectuate the purposes and provisions of this chapter including, without limiting the generality of the preceding statement, the authority: (1) To receive and disburse such funds from the state as may be available for the purpose of […]

Section 24-18-6. – Payment of state funds.

§ 24-18-6. Payment of state funds. (a) Subject to the provisions of subsection (b), upon the written request of the agency, the general treasurer shall pay to the agency, from time to time, from the proceeds of any bonds or notes issued by the state for the purposes of this chapter or funds otherwise lawfully […]

Section 24-18-7. – Procedure for project approval.

§ 24-18-7. Procedure for project approval. (a) By September 1, 2013, the department shall promulgate rules and regulations establishing the project evaluation criteria and the process through which a city or town may submit an infrastructure plan. By December 31, 2013, the agency shall promulgate rules and regulations to effectuate the provisions of this chapter […]

Section 24-18-8. – Inspection of approved projects.

§ 24-18-8. Inspection of approved projects. For any approved project, the department shall have the authority to inspect the construction and operation thereof to ensure compliance with the provisions of this chapter. History of Section.P.L. 2013, ch. 144, art. 20, § 1.

Section 24-18-9. – Expenses incurred by the department.

§ 24-18-9. Expenses incurred by the department. In order to provide for the expenses of the department under this chapter, the agency shall transfer to the department an amount from the revolving fund equal to the amount authorized by the general assembly. History of Section.P.L. 2013, ch. 144, art. 20, § 1.